Many securities companies are involved in securities fraud lawsuits, and the risk control shortcoming of intermediary institutions urgently needs to be addressed.

Multiple securities firms disclosed various major litigation matters in their 2024 annual reports. Among them, securities false statements, stock pledge repurchase, margin trading and other transaction disputes are high-risk areas where securities firms often encounter legal issues. The frequent occurrence of such litigation in certain regions reflects the "risk points" of the business development of securities firms, while also questioning the professional quality of intermediary institutions. Industry insiders believe that securities firms and other intermediary institutions should continue to improve risk control measures, prioritize diligence and compliance, and effectively fulfill their responsibilities as "gatekeepers."